Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Sees Large Increase in Short Interest

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 2,350 shares, an increase of 469.0% from the October 15th total of 413 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 289 shares, the short-interest ratio is presently 8.1 days.

Pacific Basin Shipping Stock Performance

Pacific Basin Shipping stock remained flat at $8.50 during mid-day trading on Friday. 414 shares of the company’s stock were exchanged, compared to its average volume of 795. The company has a current ratio of 1.82, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $9.70 and its 200-day simple moving average is $8.54. Pacific Basin Shipping has a 12 month low of $5.46 and a 12 month high of $10.99.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. It owns and operates vessels that carry commodities for customers around the world. The company focuses on Handysize and Supramax dry bulk ships, which serve a range of ports and cargo needs. Its vessels transport products such as agricultural goods, minerals, steel products and other dry bulk commodities. Founded in 1987, Pacific Basin has developed a global shipping business serving customers across major trade routes.